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Many large public companies successfully navigated the pandemic and ended up larger and wealthier. Marblegate Asset Management then compared these findings to public companies in the Russell 3000 index — the broadest measure of American public companies. The firm's analysis found that EBITDA fell over 24% for middle-market companies between 2019 and 2022, whereas EBITDA grew 18% at large public companies. EBITDA margins fell 25% during the time period for middle-market companies, while it only declined 2% for public companies. Whereas large public companies can charge more for increases in raw material and labor costs, middle-market companies on the whole struggled to pass on these costs to customers.
Persons: , RapidRatings, amortization, EBITDA, Axios Organizations: Service, Business, Marblegate Asset Management, Marblegate, Management
REUTERS/Bianca Flowers Acquire Licensing RightsSept 22 (Reuters) - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. If the strike expands, it would only be a matter of weeks before some smaller suppliers faltered, said Marick Masters, a professor of business at Wayne State University. He estimates 30% of smaller suppliers carry too much debt to survive a long strike. Other measures also point to a supply base that was strained even before the strike. RapidRatings calculates "core health scores" for privately owned auto parts companies - based on a 100-point scale - which looks at their returns, cost structures, and capital structure.
Persons: Bianca Flowers, Jeffrey Aznavorian, Pittsburgh steelmaker, Laurie Harbour, Marick, James Gellert, Gellert, Timothy Aeppel, Andrea Ricci Organizations: Ford UAW, Detroit, REUTERS, United Auto Workers, Ford, General Motors, Chrysler, GM, Anderson Economic, Auto, CIE, Spain’s CIE Automotive, . Steel, Pittsburgh, Reuters, Harbour, Inc, Wayne State University, Thomson Locations: Chicago , Illinois, U.S, Detroit, Michigan, Midwest, Illinois, Southfield , Michigan, Plymouth , Michigan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate auto suppliers see secondary consequences of UAW strike, says RapidRatings CEO GellertRapidRatings CEO James Gellert joins 'The Exchange' to discuss risks the UAW strike poses to the auto supply chain, the shift in auto production spawned by EV, and the impact the rising cost of cars has on gross auto sales.
Persons: Gellert, James Gellert Organizations: UAW, EV
Watch CNBC's full interview with RapidRatings CEO James Gellert
  + stars: | 2023-07-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with RapidRatings CEO James GellertRapid Ratings CEO James Gellert joins 'The Exchange' to discuss refinance troubles for upcoming debt maturities, industry and business size impacting borrowing dynamics, and small companies feeling the strain from contraction in customer budgets.
Persons: James Gellert
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